Clark Capital Management Group Inc. Sells 1,501 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Clark Capital Management Group Inc. decreased its position in Wintrust Financial Co. (NASDAQ:WTFCGet Rating) by 5.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 27,705 shares of the bank’s stock after selling 1,501 shares during the quarter. Clark Capital Management Group Inc.’s holdings in Wintrust Financial were worth $2,575,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WTFC. Advisor Group Holdings Inc. grew its holdings in Wintrust Financial by 24.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,498 shares of the bank’s stock worth $317,000 after acquiring an additional 686 shares during the last quarter. Baird Financial Group Inc. bought a new stake in Wintrust Financial during the 4th quarter worth about $295,000. UMB Bank N A MO bought a new stake in Wintrust Financial during the 4th quarter worth about $30,000. WINTON GROUP Ltd bought a new stake in Wintrust Financial during the 4th quarter worth about $685,000. Finally, Teacher Retirement System of Texas grew its holdings in Wintrust Financial by 20.0% during the 4th quarter. Teacher Retirement System of Texas now owns 10,984 shares of the bank’s stock worth $998,000 after acquiring an additional 1,832 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on WTFC. Raymond James decreased their price objective on shares of Wintrust Financial from $130.00 to $111.00 and set a “strong-buy” rating on the stock in a report on Wednesday, June 29th. Jefferies Financial Group cut their target price on shares of Wintrust Financial from $109.00 to $96.00 in a research report on Monday, July 11th. Wedbush upped their target price on shares of Wintrust Financial from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, July 21st. DA Davidson restated a “buy” rating on shares of Wintrust Financial in a research report on Wednesday, July 27th. Finally, UBS Group cut their target price on shares of Wintrust Financial from $104.00 to $96.00 and set a “neutral” rating on the stock in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $105.29.

Wintrust Financial Stock Performance

Shares of NASDAQ:WTFC opened at $87.75 on Monday. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 0.65 and a beta of 1.24. The firm’s 50 day simple moving average is $85.01 and its 200 day simple moving average is $87.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.96. Wintrust Financial Co. has a fifty-two week low of $72.10 and a fifty-two week high of $105.56.

Wintrust Financial (NASDAQ:WTFCGet Rating) last announced its earnings results on Wednesday, July 20th. The bank reported $1.49 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.21). Wintrust Financial had a return on equity of 10.43% and a net margin of 22.78%. During the same quarter last year, the company earned $1.70 EPS. As a group, sell-side analysts forecast that Wintrust Financial Co. will post 7.99 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Thursday, August 11th were given a $0.34 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $1.36 annualized dividend and a yield of 1.55%. Wintrust Financial’s dividend payout ratio is currently 19.68%.

Wintrust Financial Company Profile

(Get Rating)

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.

Further Reading

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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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